News Bits | 12 March 2013

IDEAS OF THE DAY

l  Study Visit Note: Johor Property Trip

l  Sector Update: Plantation

l  Company Update: PADINI

l  Quick Bites: AFG

l  On Our Radar: SMRTECH

l  On Our Technical Watch: CCM, STAR

l  Economic Viewpoint : Malaysia IPI & Trade Jan ’13

 

NEWS HIGHLIGHTS

l  Dialog signs pact with HK company (Comment included in Kenanga Today)

l  Sunway gets RM452.5m elevated line job linking Sunway-Subang Jaya

l  AirAsia expands in Philippines via Zest Air

l  Affin appears to be frontrunner to take over Hwang-DBS

l  Sime unit sells whole stake in WPL

l  Eversendai forms JV with Technics O&G Ltd

l  KESM records Q2 loss of RM889,000 on higher costs

 

FOREIGN NEWS HIGHLIGHTS

l  CVC-owned Matahari launches up to USD1.36b Indonesia offering

l  Repsol sells USD1.3b stake to Singapore’s Temasek

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Malaysia

l  Exports Rebound 3.5% Whilst Imports Impressed At 16.0%

l  IPI Up 4.6%

Asia

l  China Inflation Rate Hits 10-Month High In February

l  China’s Economic Data Show Weakest Start Since 2009

l  Japan January Core Machinery Orders Plunge, But Recovery Eyed

l  Kuroda Says Bank Of Japan Will Consider Buying Derivatives

USA

l  Cheapest Treasuries Since 2011

Europe

l  Germany Sees Imports Rebound In January

l  French Industrial Output Tumbles As Recession Looms

l  EU Chiefs Seeking To Stave Off Euro Crisis Turn To Cyprus

Currencies

l  Dollar Pulls Backs From Payrolls-Fueled Surge

Commodities

l  Brent Crude Slips On Weak Chinese Industrial Data

l  Gold Up After Mixed China Data, U.S. Equities Eyed